23 February, 2017 by The TZ Newswire Staff Comments Off on London Markets: FTSE 100 slips as miners pull back, but Barclays pushes higher
London Markets: FTSE 100 slips as miners pull back, but Barclays pushes higher
U.K.
23 February, 2017 by The TZ Newswire Staff Comments Off on Google Plans To Expand Carpool Service That Competes With Uber
Google Plans To Expand Carpool Service That Competes With Uber
Waze, the traffic navigation app that the Mountain View company acquired in 2013, introduced a carpool service in Israel back in 2015. Now that service is expanding to North America and Latin America.
23 February, 2017 by The TZ Newswire Staff Comments Off on Italy December retail sales mm -0.5% vs +0.2% exp
Italy December retail sales mm -0.5% vs +0.2% exp
Italy December retail sales report 23 Feb
– -0.7% prev
– yy -0.2% vs +0.9% exp vs +0.8% prev
Another case of slowing retail sales around the EU. [Price rises kicking in not being matched by wage hikes.
23 February, 2017 by The TZ Newswire Staff Comments Off on Alt-Lender Prospa Lands Australia’s Largest FinTech Funding
Alt-Lender Prospa Lands Australia’s Largest FinTech Funding
Alternative lender Prospa has raised new venture capital that comes with a prestigious label for the company.
Reports Wednesday (Feb. 22) said Prospa secured A$25 million (about $20 million) from AirTree Ventures. The Series B round is the largest-ever venture capital investment into an Australian FinTech startup, according to reports.
23 February, 2017 by The TZ Newswire Staff Comments Off on How To Navigate The Data Sharing Conversation With Banks
How To Navigate The Data Sharing Conversation With Banks
The FinTechs that have filled in gaps for both consumer and corporate financial services are often positioned in competition with traditional FIs. But in order for these FinTechs to operate properly, they often need the financial data housed by those banks.
As more FinTechs and banks forge data sharing agreements, it’s called into question the relationship between FinTech and bank and heightened demand for consumer data protection laws and practices that ensure the customer ultimately owns and controls their financial data.
23 February, 2017 by The TZ Newswire Staff Comments Off on Blockchain’s Future Depends On FinTech-Bank Communication
Blockchain’s Future Depends On FinTech-Bank Communication
Banks and FinTechs are going in on blockchain technology, as two separate reports released earlier this month conclude.
Analysis from Corporate Insight and Infosys Finacle say banks and FinTechs are readying increased involvement and investment in distributed ledger technologies. A report from Corporate Insight, “Blockchain Solutions and the Future of Finance,” declares blockchain to be the future of the financial services world.
23 February, 2017 by The TZ Newswire Staff Comments Off on NY Effort To Regulate Payroll Cards Struck Down
NY Effort To Regulate Payroll Cards Struck Down
A board of appeals in New York state has revoked earlier regulations surrounding payroll cards developed by the New York State Labor Department after determining that the NYSDOL exceeded its rulemaking authority under the New York State Commissioner.
Reports in the National Law Review Tuesday (Feb. 21) said the New York State Industrial Board of Appeals ruled that the NYSDOL’s payroll card regulations are “invalid” and “revoked.”